Dan Frey Home Loans
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Comparison

Side-by-side payments and cash to close

Lowest monthly: Assumable Loan

Total monthly

Payment stack including taxes, insurance, and HOA

Cash to close

Down payment / equity bring-to

Detail
Assumable Loan
Assumable · VA
Assumable Loan + Second
Assumable · VA
Current Market Conventional
New · Conventional
Loan amount$385,629$385,629$720,000
Remaining term (yrs)23.723.730.0
Secondary amount$0$334,371$0
Funding fee$1,928$1,928$0
Note rate3.260%3.260%7.400%
Blended rate3.260%5.345%7.640%
1st payment$1,941.06$1,941.06$4,985.13
2nd payment$0.00$2,159.48$0.00
Taxes / mo$666.67$666.67$666.67
Insurance / mo$216.67$216.67$216.67
MI / mo$0.00$0.00$144.00
HOA / mo$314.00$314.00$314.00
Total monthly$3,138.40$5,297.88$6,326.47
Cash to close$414,371$80,000$80,000